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Marion AL Investment Opportunity
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1243 Washington Street, Marion, AL 36756

Income-producing commercial property with hardware store and leasing potential.

Property Size41,000 SF
Price / SF$36.10
Days on Market142

Property Features for 1243 Washington Street

General Information

Standard status Active
Size 41,000 SF
Property subtype Retail

Building Details

Year Built 1984
Buildings 3
Listing Agency: National Land Realty Apex
Listed By: Justus Koester · License #FL BK3458696
Source: Crexi
Added: Mar 24 Changed: Aug 8 Last Checked: Aug 11 at 6:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of National Land Realty Apex

Investment Insights

Based on property information with market context.

This income-producing commercial property is located on the main street of town and offers a prime investment opportunity. The property includes three separate buildings totaling approximately 41,000 sq ft, offering both an operating business and additional leasing potential. A 21,000 sq ft fully functioning hardware store serves the local community, carrying a wide range of inventory including plumbing supplies, lumber, paint, hunting and fishing equipment, power tools, and hand tools, making it a well-established retail destination. Additional space includes an 11,000 sq ft retail building and a 9,666 sq ft retail building, both currently vacant and ready for a new tenant or business venture, providing additional income potential. Current tenants on the property include a restaurant, the operating hardware store, and an ice machine, providing existing income while leaving room for expansion. The property features a large parking lot with excellent accessibility and high visibility from the main corridor of town.

Key Highlights

  • Income‑producing commercial property with existing tenants (hardware store, restaurant, ice machine).
  • Includes a 21,000 sq ft fully functioning hardware store serving the local community.
  • Two additional vacant retail buildings (11,000 sq ft and 9,666 sq ft) offering leasing potential.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Storage Facility Garden Center Furniture & Home Goods Cafe & Coffee Shop Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

222
Businesses Nearby
8k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 65% Dining 35%
Valero Energy Shops & Services
5,169 visits/mo 0.3 miles
Krispy Krunchy Chicken Dining
2,735 visits/mo 0.1 miles

Demographics for 36756, AL

4,973
Population
2,272
Households
2.2
Avg Household Size
41
Median Age
17%
College-Educated
81%
High-School Grad
375.5 sq mi
ZIP Area
13
Density / Sq Mi
$34,679
Median Household Income
$19,247
Median Earnings
$616
Median Rent
$98,400
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • United Flower Shop 201 Jefferson St, Marion, AL 36756

Frequently Asked Questions

What type of property is this?
Storefront property - Income-producing commercial property with hardware store and leasing potential.
Where is this storefront property located?
The property is located at 1243 Washington Street Marion, AL.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: Income‑producing commercial property with existing tenants (hardware store, restaurant, ice machine).; Includes a **21,000 sq ft fully functioning hardware store** serving the local community.; Two additional vacant retail buildings (11,000 sq ft and 9,666 sq ft) offering leasing potential.
(239) 898-0163 Call to check price and availability
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